Hyster-Yale Materials Handling, Inc. (NYSE:HY) Stock Position Lifted by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 16.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 144,433 shares of the industrial products company’s stock after acquiring an additional 19,975 shares during the period. ProShare Advisors LLC’s holdings in Hyster-Yale Materials Handling were worth $7,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HY. First Trust Advisors LP acquired a new position in Hyster-Yale Materials Handling during the 4th quarter valued at about $3,265,000. JPMorgan Chase & Co. boosted its holdings in shares of Hyster-Yale Materials Handling by 165.5% in the fourth quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company’s stock valued at $3,220,000 after acquiring an additional 39,415 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Hyster-Yale Materials Handling by 15.8% during the fourth quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock valued at $14,002,000 after acquiring an additional 37,432 shares during the period. Renaissance Technologies LLC increased its stake in shares of Hyster-Yale Materials Handling by 76.3% during the fourth quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company’s stock valued at $4,120,000 after acquiring an additional 35,000 shares during the period. Finally, Brightline Capital Management LLC bought a new stake in Hyster-Yale Materials Handling during the fourth quarter worth approximately $1,528,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Price Performance

Shares of NYSE HY opened at $42.72 on Monday. Hyster-Yale Materials Handling, Inc. has a twelve month low of $34.13 and a twelve month high of $84.44. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $40.71 and a two-hundred day moving average of $48.64. The company has a market capitalization of $755.98 million, a price-to-earnings ratio of 4.79 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. As a group, analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Friday, May 30th. This is an increase from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.35. Hyster-Yale Materials Handling’s dividend payout ratio is 24.96%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th.

Hyster-Yale Materials Handling Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.